British drugmaker AstraZeneca Plc told Reuters on Tuesday its COVID-19 vaccine should be effective against the new coronavirus variant, adding that studies were under way to fully probe the impact of the mutation.

AZD1222 (AstraZeneca's vaccine candidate) contains the genetic material of the SARS-CoV-2 virus spike protein, and the changes to the genetic code seen in this new viral strain do not appear to change the structure of the spike protein, an AstraZeneca representative said in an email.

A new variant of Sars-Cov-2 has been found in the United Kingdom and is reportedly "out of control", an announcement that set off alarm bells around Europe and elsewhere. Many members of the European Union suspended travel to and from Britain and imposed harsher quarantine rules.

The new variant is likely to cause 60 to 70 per cent more infections than the original strain. With abundant precaution India has temporarily suspended flights to and from UK till the end of the year. The Union government is closely following the development and advised people not to panic.

Shares of SpiceJet slipped 10 per cent to hit an intra-day low of Rs 82.35 on the BSE in the early morning trade on Tuesday, falling 19 per cent in the past two trading days, after India suspended flights to and from the UK.

India has suspended all flights from the UK from Tuesday midnight (December 22) till December 31 to prevent the new aggressive strain of the novel coronavirus from entering the country. This may lead to lower traffic recovery.

India continues to witness a steady decline in daily new coronavirus infections as only 19,556 new COVID-19 cases were reported in last 24 hours, according to the Union Ministry of Health and Family Welfare.

With the addition of new cases, the country's coronavirus count reached 1,00,75,116 on Tuesday. At present, the active coronavirus cases in the country dropped to 2,92,518 after 30,376 new recoveries were recorded. The overall recoveries have now mounted to 96,36,487.

Gold price today jumped to Rs 53,720 from Rs 53,410 per 10 gm, while silver price was trending at Rs 70,700 per kg, according to the Good Returns website.

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.

IDBI Bank on Monday said it had option to draw Rs 1,500 crore as equity capital from its promoter Life Insurance Corporation of India (LIC). The bank, with LIC and the government of India as its promoter, raised equity capital Rs 1,435 crore through Qualified Institutional Placement (QIP) last week.

Rakesh Sharma, MD and CEO, said the shareholding of LIC had come down (fell below 51 per cent), so the bank could take up to Rs 1,500 crore capital from LIC.

Farmers have started a 'relay' hunger strike on various borders of Delhi adjoining Haryana and Uttar Pradesh to demand repeal of the new agricultural laws of the Center. On Monday, farmer leaders claimed that there is nothing new in the Center's letter regarding the next date for talks. Gurmeet Singh of Krantikari Kisan Union said that there is a possibility of meeting on Tuesday for the next step of the farmer leaders. Farmers' organizations are also trying to get support from farmers of other states like Bihar.

Prime Minister Narendra Modi is slated to address the centenary celebrations of the Aligarh Muslim University (AMU) today (December 22), the Prime Minister's Office (PMO) said on December 20.

The prime minister will be joining the 100-year anniversary event via video conferencing at 11 am, according to a press release by the PMO. This is the first time that PM Modi will be participating in an event at the AMU.

Counting of votes for the first-ever District Development Council (DDC) elections, which concluded on December 19, began at 9 am on Tuesday at all district headquarters across the Union Territory amid tight security.

Section 144 has been imposed by the administration in Doda to maintain the law and order situation. Three-tier security arrangements have been made to ensure free fair and smooth counting of votes. Counting agents of different political parties reached the centres.

Superstar Rajinikanth has been in the news for making an entry in politics with his new political party. However, the 'Thalaiva' actor seems to be engulfed in a controversy as a court has reportedly summoned him over a controversial statement in the Sterlite factory protest case.

The case is related to the violence which took place in the year 2018 in Vedanta's Sterlite factory in Tuticorin, Tamil Nadu. About 13 protesters were killed in this incident.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.